IL → FL Tax Savings

How Much Would You Save: Illinois vs Florida Taxes

Illinois taxes income up to 4.95%. Florida charges 0%. Compare the two side by side and see your potential savings.

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Illinois vs Florida: Tax Comparison

See how Illinois's tax structure compares to Florida across every major tax category.

Tax Category	Illinois	Florida
State Income Tax	Up to 4.95%	0%
Capital Gains Tax	Yes	No
State Estate Tax	Yes	No
Homestead Property-Tax Relief	Check state eligibility	Available to qualifying homeowners

Your Potential Tax Savings

Estimated annual state income tax savings when moving from Illinois to Florida, computed from Illinois's income tax brackets for a single filer.

Annual Income

$100,000

You Could Save

$4,805/yr

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Annual Income

$150,000

You Could Save

$7,280/yr

≈ $72,800 over a decade

Annual Income

$250,000

You Could Save

$12,230/yr

Annual Income

$500,000

You Could Save

$24,750/yr

Florida residents pay 0% state income tax. The figures above run each income through Illinois's 2026 individual income tax brackets for a single filer, after the state's standard deduction and before credits (California figures use the latest published 2025-indexed brackets). They cover state income tax only; local income taxes, filing status, and state-specific deductions can change your number. For a personalized projection, book a free consultation.Rate source: Tax Foundation 2026 State Individual Income Tax Rates and Brackets, with statutory 2026 overrides where post-publication legislation applies (Georgia HB 463, Kentucky HB 1, Ohio HB 96, Maryland BRFA 2025, North Carolina continuing decline, plus phasedowns in MS, NE, ID, MT, SC, IN, OK, UT per state DOR).

Key Tax Facts: Illinois

What you need to know about Illinois's tax environment before making your move.

Illinois's flat individual income tax rate in this 2026 wage-income comparison is 4.95%. Deductions, taxable-income thresholds and credits affect the amount actually paid.

Illinois has a state estate tax with a $4 million exemption : one of the lowest in the nation.

Illinois taxes capital gains as regular income at the 4.95% flat rate.

Illinois has some of the highest combined state and local tax burdens in the U.S.

What this Illinois comparison includes

The comparison models a full year of wage income for a single filer in Illinois. A top marginal rate is not the rate paid on every dollar. A move during the year, continuing Illinois-source income, credits and local taxes can change the result.

Tax data used: 2026 schedule. Tax Foundation 2026 State Individual Income Tax Rates and Brackets
Single-filer standard deduction in the model: $0 before any modeled income-based reduction. Personal exemptions and credits are separate; this figure is not a filing threshold.

Establishing Florida domicile does not automatically end another state's statutory residency or source-income rules. Keep a dated move record, a travel calendar and records of income connected with your former state. A mailing address or declaration alone does not determine tax residency.

Check current guidance from Illinois Department of Revenue. Check why tax may remain due after moving or review the Illinois departure guide.

Illinois: distinguish Schedule NR from an address update

Illinois Schedule NR determines the income taxed by Illinois for nonresidents and part-year residents. Publication 119 supplies additional allocation guidance. A flat rate simplifies one part of the calculation but does not determine the Illinois tax base. Keep payments, service periods and residence dates together, especially when a bonus or other compensation is received after departure.

Records to bring to your preparer

IL-1040 federal starting amounts
Schedule NR income-source records
Pay statements and dates relevant to delayed compensation

Illinois Publication 119, Schedule NR

Source checked September 17, 2026. Select instructions for the year you file; this is a planning question, not a filing determination.

Illinois vs Florida: Side by Side

Explore the practical steps involved in moving from Illinois to Florida.

Illinois charges a flat 4.95% income tax; Florida charges 0%.

Illinois has a state estate tax with a low $4 million exemption; Florida has no estate tax.

Illinois taxes capital gains at 4.95%; Florida has no capital gains tax.

At $150,000 of annual wage income, this model estimates $7,280 of Illinois state income tax for a single filer, versus no Florida individual income tax. This is a full-year comparison, excludes local taxes and does not calculate a move-year return.

Plan the departure from Illinois

Use the state migration guide to connect the calculation with residence, payroll and filing decisions. For Florida documents, follow the evidence checklist. A document package does not itself end Illinois tax obligations.

Frequently Asked Questions

How much will I save by moving from Illinois to Florida?

Illinois has a top income tax rate of 4.95%. Florida has 0% income tax. A single filer earning $150,000 could save approximately $7,280 per year, and one earning $250,000 approximately $12,230 per year (2026 rate schedules, after Illinois's standard deduction, state income tax only, before credits). Actual savings depend on your filing status and total income.

Illinois: distinguish Schedule NR from an address update

Will I still owe Illinois taxes after I move to Florida?

You may owe Illinois tax for the resident portion of the year and on Illinois-source income after leaving, such as rent from property there. Also check any statutory-residency and remote-work sourcing rules. Florida domicile alone does not settle these separate questions.